Monday.com announced in July 2026 that it is laying off approximately 630 employees — about 20% of its workforce — as part of a restructuring plan centered on its AI Work Platform.
The Israeli workplace software company said the cuts are intended to “support a leaner, more focused operating model.” Earlier in 2026, Monday.com redesigned its entire product around AI, making its AI Work Platform a core offering. The platform includes a no-code app builder, a customizable AI agent, a workflow automation tool, and a chatbot capable of tasks such as generating reports and updating dashboards. The company’s stated rationale is that enterprise customers increasingly want AI agents working alongside their employees.
Monday.com expects to incur between $45 million and $55 million in charges related to the restructuring.
The move comes amid a broader wave of tech industry layoffs linked to AI investment priorities. More than 122,000 tech roles have been cut so far in 2026, according to Layoffs.fyi. Tech layoffs in May 2026 reached a monthly high not seen in years, and Layoffs.fyi data shows a record 78% of companies cited a need to refocus around AI as a reason for reducing headcount this year.
For workers in the tech sector, Monday.com’s announcement adds to a growing pattern of large-scale job reductions framed around AI transformation — a trend that, according to available data, shows no signs of slowing in 2026.
Source: TechCrunch